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DraftKings and FanDuel abandon dream sports merger
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13 July 2017
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Fantasy sports sites DraftKings and FanDuel have deserted a plan to merge, less than a month after US competitors regulators sought to block the bet9ja's welcome offer.
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The deal would have developed a business with control over 90% of the marketplace for paid, day-to-day fantasy sports contests, federal government authorities said.
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The companies said the deal would lead to greater financial investment, providing advantages for customers.
They said they would now look to grow separately.
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FanDuel started in Scotland in 2009 and is now based in New york city. It is second in the US for paid daily dream sports contests behind DraftKings, which began in Boston in 2012.
Fantasy sport firm FanDuel alerts of danger from US guidelines
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The 2 firms specialise in a subset of fantasy sports, in which fans pick gamers to produce teams for single video games, rather of the season, with the yohaig code prospective to win money prizes based upon the .
In November, they stated they had actually agreed to merge. Terms were not disclosed.
At the time, they stated the deal would permit them to integrate forces on regulative concerns raised by US regulators, who had compared the industry to illegal betting and banned the websites in some states.
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Nigel Eccles, head of FanDuel, said it made good sense to move on individually.
"There is still huge, untapped market opportunity for FanDuel, and we will continue to execute our strategy to grow our service and more expand the fantasy sports market," he stated in a declaration.
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Draft Kings president Jason Robbins also said ending the merger would permit the firm to "singularly focus" on growth, including internationally.
Last year there were an estimated 57 million dream sports players in the US alone.
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DraftKings And FanDuel Abandon Fantasy Sports Merger
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